Hillenbrand (HI) director Inderpreet Sawhney reports new RSU awards

Rhea-AI Filing Summary

Hillenbrand, Inc. reported an insider equity transaction involving director Inderpreet Sawhney dated 12/31/2025. The filing shows multiple grants of restricted stock units (RSUs) under deferred stock award programs, each RSU representing the right to receive one share of Hillenbrand common stock.

The RSU awards listed include 6, 20, 20, 22 and 29 units tied to grant dates in 2021, 2022, 2023, 2024 and 2025, all with a price of $0, reflecting that these are equity awards rather than open-market purchases. Following these transactions, Sawhney beneficially owns derivative securities in the form of RSUs in amounts of 874, 2,882, 2,933, 3,187 and 4,151 units across the respective awards, all held directly.

The RSUs vest upon the earlier of Hillenbrand’s next annual meeting of shareholders or one year from the date of grant, with accelerated vesting and share delivery linked to events such as a change in control, the director’s death or permanent and total disability, or one day after the director ceases to serve on the board. The awards also carry dividend equivalent rights that accrue on dividend record dates.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sawhney Inderpreet

(Last) (First) (Middle)

ONE BATESVILLE BOULEVARD

(Street)

BATESVILLE IN 47006

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Hillenbrand, Inc. [ HI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units (Deferred Stock Award 6/23/21)	(1)	12/31/2025		A(2)		6		(3)	(3)	Common Stock	6	$0	874	D
Restricted Stock Units (Deferred Stock Award 2/10/22)	(1)	12/31/2025		A(2)		20		(3)	(3)	Common Stock	20	$0	2,882	D
Restricted Stock Units (Deferred Stock Award 2/24/2023)	(1)	12/31/2025		A(2)		20		(3)	(3)	Common Stock	20	$0	2,933	D
Restricted Stock Units (Deferred Stock Award 2/20/24)	(1)	12/31/2025		A(2)		22		(3)	(3)	Common Stock	22	$0	3,187	D
Restricted Stock Units (Deferred Stock Award 2/18/25)	(1)	12/31/2025		A(2)		29		(3)	(3)	Common Stock	29	$0	4,151	D

Explanation of Responses:

1. Each Restricted Stock Unit represents the contingent right to receive one share of the issuer's common stock.

2. Restricted Stock Units are entitled to dividend equivalent rights which accrue on dividend record dates.

3. These Restricted Stock Units vest on the earlier to occur of the issuer's next annual meeting of shareholders or one year from the date of grant; provided, that these stock units will immediately vest upon, and in any case delivery of the shares underlying these stock units will not occur until, the occurrence of one of the following: a change in control of the issuer, the director's death or permanent and total disability, or one day after the date the director ceases to be a director of the issuer.

Remarks:

	/s/ Allison A. Westfall, Attorney-in-Fact for Inderpreet Sawhney	01/05/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transaction did Hillenbrand (HI) disclose in this Form 4?

The company disclosed that director Inderpreet Sawhney received multiple grants of restricted stock units (RSUs) as deferred stock awards dated 12/31/2025.

How many restricted stock units were granted to the Hillenbrand (HI) director?

The filing lists RSU grants of 6, 20, 20, 22 and 29 units tied to deferred stock awards from 2021 through 2025.

What does each restricted stock unit represent for Hillenbrand (HI)?

Each Restricted Stock Unit represents the contingent right to receive one share of Hillenbrand common stock, as stated in the explanation of responses.

When do the Hillenbrand (HI) RSU awards for the director vest?

These RSUs vest on the earlier of Hillenbrand’s next annual meeting of shareholders or one year from the date of grant, with additional vesting triggers described for certain events.

Do the Hillenbrand (HI) RSUs include dividend equivalent rights?

Yes. The filing notes that Restricted Stock Units are entitled to dividend equivalent rights which accrue on dividend record dates.

What happens to the Hillenbrand (HI) director RSUs upon a change in control or end of service?

The RSUs immediately vest, and delivery of the underlying shares occurs upon events such as a change in control, the director’s death or permanent and total disability, or one day after the director ceases to be a director.

How are the Hillenbrand (HI) RSUs held after the reported transactions?

The RSUs are reported as beneficially owned in derivative form, with holdings such as 874, 2,882, 2,933, 3,187 and 4,151 RSUs, all shown as held directly.